BTCUSD correction begins
Bitcoin has turned sharply lower, following bearish fundamental news surrounding a leader cryptocurrency exchange. The BTCUSD pair is still bullish on a weekly basis while price trades above the technically important $9,100 level. BTCUSD bulls may attempt to buy the recent dip in anticipation of further upside.
The BTCUSD pair is only bullish while trading above the $9,100 level, key resistance is found at the $10,400 and the $11,600 levels.
If the BTCUSD pair trades below the $9,100 level, sellers may test the $8,900 and $8,700 support levels.